MetaPack @MetaPack Reports Revenues Up, Platform Enhancements to Speed Carrier Integration and New Pipeline of Products
MetaPack, the global leader in eCommerce delivery technology, has announced that, after two years of investment in its core systems, it has increased revenues by over £5.5 million year on year.
This 20% growth is further supported by a distinct upward trajectory in operating performance with EBITDA income shifting MetaPack from a £5.5 million loss in 2016 to profit for this financial year.
The company has also grown its global business over the past financial year, adding 40 new carriers to its delivery management platform and signing up 27 new top 100 eCommerce brands. It is on course to further expand new carriers by an additional 40-50 over the next 12 months.
MetaPack, which has the biggest delivery management market share in Europe, is now reaping the rewards of large scale investments in both technology and global expansion.
Steve Rowley, Executive Chairman at MetaPack, said: “We raised £6 million two years ago and this has further consolidated our core UK operation, supported acquisitions and growth in key international markets, and enabled us to ensure our scalable, reliable delivery platform is robust in the face of peak demands.
Because we don’t capitalise in technology, we carried all the costs for the platform investment in the first year, which is why our EBITDA income in 2016 was so low.